My friend with zero experience of crypto just sent me message and asked me if he should invest in crypto because trump is involved and he launched his coin also.
Well, people won't say Trump didn't give them a chance to make loads of cash, even though I'm among the few that ignored it😅😭
CRYPTO MECHANIC
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Why Altcoins are dropping ?
The Answer is simple. Traders are selling their Alts to chase $SOL and $TRUMP It's very usual human behavior. When they see a coin is going up and the one they have is going down they sell it to recover their loss from the coin that's going up.
Man, It seems those guys that were calling for 90k finally got their prayers answered 😂, all i can do is just laugh cus I didn't expect the red to be this much, o well that is why i am not a market maker😅
CRYPTO MECHANIC
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Never seen Market this dead before.
I mean it would be ok if it was bear market but it's happening during the bull market.
It is kinda nice to just wake up and be like, when did i buy this token? just to check and see "distribution" 😅.
CRYPTO MECHANIC
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Nothing is more better than making risk free money and binance gives you that opportunity either in terms of binance launchpool or Binance hodler airdrop via Simple earn if you're holding BNB or FDUSD and stake it to farm new or existing projects.
$VANA hits $35 peak and its the 62nd project on the binance launchpool and it was given out free to the users who farmed it.
I shared a brief article on Vana you can read it here 👇🏻
What is vana?
What is Binance Launchpool?
Binance Launchpool is a platform that allows users to farm new or existing tokens before they are officially listed on the Binance exchange. It provides an opportunity for users to participate in the early stages of new crypto projects by staking their existing crypto assets to earn new tokens.
You can't farm Vana tokens now as the farming is over but you can keep your eyes on Binance upcoming launchpool because these launchpools will keep on coming if you're interested in making some risk free money. I call it risk free money because i don't see any risk involved there.
You simply stake your BNB or FDUSD and farm these new projects.
Where can you farm upcoming tokens?
you can stay updated with binance announcements or it will come on this launchpool page
Taking profit is really good 😅, it's nice you keep telling us when you are take profit, it funny when someone gives all his profit and even capital back to the market. Would it be possible to share your recommended portfolio mgt and tp tips (% to tp, % of funds in a coin, etc.)
CRYPTO MECHANIC
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So yesterday was the bottom? if it was the bottom why market isn't recovering fast?
These dips liquidate so many traders People get scared to buy.
They don't have the confidence to get into such sharp dips. This is why it takes time to recover. It will take time to move back up. May start to consolidate 10-15% above the bottom tick for some time.
Rest assured no one knows where the exact bottom will be so just be ready for every market situation.
I usually end my posts with Happy #trading and #investing , but i realize i never actually said anything about it assuming that everyone knew the difference, but that does not seem to be the case. So I will talk about it today to help guide your trading and investing decisions.
Trader vs. Investor: Which One Are You?
Let’s break it down in simple terms.
A trader is like a sprinter. They focus on short-term opportunities—buying and selling within days, hours, or even minutes. Their goal? Quick profits from price changes. Think of it like catching waves: you’re in, you’re out, and you move on to the next.
An investor, on the other hand, is more like a marathon runner. They’re in it for the long haul— weeks, months, or years. Investors aim to grow their wealth steadily over time, often by buying and holding on while they grow in value.
Some of you might say i just described Day trading vs Swing trading, maybe, maybe not.
if you are looking at holding a position for long term, you automatically tend towards investing and honestly, in crypto its better you do that with $BTC instead of some other coin/token, but if you want in and out, few weeks max, then you can trade others not BTC, if you trade other tokens for the long haul, you are asking to be liquidated if you do not know how to manage your risks, but if you are trading other tokens for the short term, you will get more substantial returns. in summary: Trading = Short term = I recommend trading not BTC (use it as a guide) Investing = Long term = I recommend trading only BTC (i.e. no #AltcoinStars , #memecoin🚀🚀🚀 , whatever you want to call them)
p.s. this is for Spot, if you take this into futures, then it is truly day trading vs swing trading
It's easy to take advantage of #airdrops during a #bullrun , one of the prevalent themes of this season is the airdrop theme, with so many out there, it almost like playing russian roulette to find out which will actually be worth your time.
With the success of #notcoin and how much funding is going into the gaming space, there is an opportunity that another notcoin like success might come up soon especially those that are walking the same path on Telegram.
Below are 3 projects that may turn out to be just as worthwhile as notcoin.
1. Blum - A project on telegram to facilitate crypto trading that Binance labs has its eyes on. They are currently farming and if all goes well, it might bring a smile to your face. Copy link below to play: t. me / BlumCryptoBot / app?startapp=ref_VXXvELbngA
2. Catizen - This is a cat themed telegram game that is currently running a promotion with Bybit with plans for airdrop to gamers this Q2 2024. Copy link below to play: t. me / Catizen_Mntbot / gameapp?startapp=rp_7530741
3. Hamster kombat - This is a hamster themed telegram game that's somewhat similar to the $NOT game, this one is basically giving me the notcoin vibe thus why it's coming up here. Copy link below to play: t. co / 22kHEAWpmE
The great thing about these games is the fact that all you need is your telegram app, no need to download another app and they are not as stressful as other airdrops so basically with little time investment, you may actually come up big.
p.s. it's not 100%, but with it's zero risk, its like why not.
Think you're a true #TRONICS ? Prove it for a chance to GRAB some TRX! 🎉
Giving away 10,000 TRX to 20 lucky followers.
To enter: 1️⃣ Follow me (@justinsuntron) on Binance Square 2️⃣ Follow @trondao on Binance Square 3️⃣ Fill out the form: https://forms.gle/eejMixqJvH6kHRdh6
Winners and prizes will be allocated on May 30th. Let's see who's part of the TRON Community. 😊
You say $BTC is crashing and you have to sell now, so you sell, your family members are selling, your friend sells, your neighbour is selling , remember trading is a two way game, who do you think is buying everything you all are selling.
I will not tell you its wrong to sell because its actually not, but don't sell because you are told to or because everyone you know is doing so, sell when your analysis says so or you've reached your target.
How do you know a coin/token you should take out of your portfolio?
One easy was is if the coin consistently drops faster than $BTC and consistently rises slower than #BTC , its a sign that the project is not sustainable/dead or has become a pump and dump project.
#BTC halving year always marked a bull market for the crypto community, however, this season has it's peculiarities which everyone must watch out for.
1. First is the #BTCETFSPOT that was approved in January, we can already see it's effect on the price of bitcoin , however this also means that there is more fuel for BTC dominance which means just because BTC moves this season doesn't mean every Alt will follow.
2. We have more Coin/Tokens or whatever you call them in the market market and as a result this isn't going to be like before when you could literally randomly pick any coin and it will be huge profit, investors are not spreading their money like before.
3. There likely is not going to be a repeat of previous #Altseason . Many factors including the two i mentioned above contribute to this. It's not going to be every alt pump simultaneously scenario, however it's going to be seasonal like a relay race, one category will pump per time, we've seen the gaming token pump, we've seen the AI coins pump, we are seeing the meme coins pump, so that's how it's likely going to be this season. Yes there will be done standout moves on different coins when they attract huge investments or achieve significant milestones in their project but to make the best of this bull run without losing money is strategically buy the coin in season or the category that has the baton in this relay race.
However , if you are a low risk investor, you canngo for the safety of Bitcoin or #Ethereum(ETH) , they won't give you 100x or 10x, but you can be sure of your funds giving you some returns especially if you buy at the right price (e.g at demand zones)
Short term analysis suggest that #Sei might be rebounding from its current downtrend. The 1 hour TF sees the coin form a double bottom with a slight RSI divergence.
This suggest that it might test the resistance level around 0.64 area and if it manages to break it, it might go next for the 0.7 levels.
Conversely, if it fails it might return to lower levels close to the 0.55 area. But the the hope of the potential v2 upgrade, we might see it resume its upward trend (that is a long term view).